A dormant Shiba Inu whale recently withdrew 220 billion SHIB, worth around $4.63 million, from Binance after being inactive for five months. The price of SHIB has been declining, with a 25% drop in December. While there has been a 5% increase in the past 24 hours, the token has struggled to recover. The recent withdrawal by the Shiba Inu whale has raised concerns about the distribution of SHIB tokens. Analysis shows a pattern of outflows from large holders, correlating with the decreasing price of SHIB. This suggests reduced confidence among major stakeholders or a reallocation of funds. The Shiba Inu community has been burning tokens, with 44.6 billion SHIB destroyed in 2024, valued at approximately $991,090. In December alone, over 2.67 billion SHIB was burned through 143 transactions.



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